Strengthening Sustainable Corporate Governance Through Forensic Accounting Insights with Literature Review 2 0

Abstract

Purpose-The objective of this study is to investigate how forensic accounting affect sustainable corporate governance, fraud detection and prevention. This article provides a way ahead to tackle the numerous risks that can distress the organization and human. Forensic accounting aligned with ICAI Standards and sustainable corporate governance can accomplish, anticipate, and stop the fraud before organization reaches the point of no return.

Design/Methodology- For this study, forensic accounting is an independent variable and sustainable corporate governance & fraud prevention is the dependent variable. This study used a systematic literature review by analyzing the existing literature on forensic accounting and sustainable corporate governance and by recognizing the existing gap in the respective fields.

Findings-Results reveal that there is a positive relationship between forensic accounting and sustainable corporate governance. And it helps to resolve the unresolved issues, thus strengthening corporate governance.

Practical Implications- This study can assist law enforcement agencies, insurance companies, financial institutions, and professional bodies in modifying their codes of corporate governance and organization policies by adding sustainable corporate governance clauses and making forensic accounting a compulsory component of the governance system.

Originality- This certifies that the study article was produced independently and entirely by the researchers, as far as I am aware there are no prior studies conducted that verify the forensic accounting aligned with ICAI and how it affects sustainable corporate governance.